Bluestar Alliance Expands Influence with Acquisition of Palm Angels Luxury Brand
In a strategic move that underscores its commitment to luxury streetwear, Bluestar Alliance LLC proudly announces the acquisition of the esteemed brand Palm Angels. Since its inception in 2015, Palm Angels has gained recognition for its unique fusion of high-end fashion and street culture, cleverly blending American skate influences with Italian craftsmanship. This acquisition follows Bluestar's recent purchase of Off-White, another significant player in the realm of luxury streetwear. The addition of Palm Angels affirms Bluestar's expanding influence and leadership in the competitive landscape of high fashion, particularly within the niche of luxury streetwear.
Joey Gabbay, CEO of Bluestar Alliance, expressed his enthusiasm regarding this new chapter, stating, "We are thrilled to welcome Palm Angels into the Bluestar portfolio. The brand's exceptional ability to intertwine the realms of streetwear and luxury is unparalleled. We are committed to supporting Palm Angels as it evolves, innovates, and expands its global footprint. This acquisition, perfectly aligned with Bluestar’s strategy, enhances our portfolio of iconic brands that resonate culturally and appeal widely to consumers."
Ralph Gindi, COO of Bluestar, added, "Palm Angels speaks directly to cultural innovators—the creators of underground taste and trendsetters shaping today's fashion landscape. Those who embrace Palm Angels are at the forefront of style, demonstrating a clear vision of fashion's future. As we embark on this exciting new chapter, we are proud to unite creative forces from around the globe to continue shaping fashion's future."
The birth of Palm Angels can be traced back to 2011 when Francesco Ragazzi initially established it as a photographic documentation of skate culture in Los Angeles. By 2015, the brand transitioned into clothing production, marking its emergence as a pivotal player in contemporary luxury streetwear. Its design philosophy—a blend of rebellious spirit and modern cultural references—has resonated with a diverse audience comprising fashion insiders, musicians, and celebrities.
With this acquisition, Bluestar Alliance not only bolsters its esteemed portfolio of brands but also highlights its approach to fortify labels with substantial cultural significance and consumer appeal. The company itself, founded in 2006, is recognized globally for its brand management prowess, overseeing a range of high-end lifestyle brands with a retail turnover exceeding nine billion dollars. The initiative to onboard Palm Angels adds to the existing roster of over 400 licensed brands and a growing retail platform of more than 500 stores worldwide, encompassing regions such as North America, Europe, South America, Asia, and the Middle East.
As the streetwear scene continues to evolve, the partnership between Bluestar Alliance and Palm Angels is poised to redefine industry standards. With a commitment to cultivating creative talent and innovative thinking, Palm Angels under Bluestar’s stewardship will undeniably continue to influence and drive the future trends of luxury street fashion.
In conclusion, as both industry veterans and new entrants to the fashion world observe the unfolding changes in luxury branding, the acquisition stands as a noteworthy marker of what lies ahead. Palm Angels is set to enhance its recognition in the luxury sphere and expand its innovative designs under the strategic guidance of Bluestar Alliance. Looking forward, both the brand and its new parent company are ready to embrace the challenges of an ever-changing market while capturing the hearts of global consumers.
For further information, please reach out to:
Sarah Rosen
Bluestar Alliance
Email: sarah.rosen@bluestaralliance.com
Joey Gabbay, CEO of Bluestar Alliance, expressed his enthusiasm regarding this new chapter, stating, "We are thrilled to welcome Palm Angels into the Bluestar portfolio. The brand's exceptional ability to intertwine the realms of streetwear and luxury is unparalleled. We are committed to supporting Palm Angels as it evolves, innovates, and expands its global footprint. This acquisition, perfectly aligned with Bluestar’s strategy, enhances our portfolio of iconic brands that resonate culturally and appeal widely to consumers."
Ralph Gindi, COO of Bluestar, added, "Palm Angels speaks directly to cultural innovators—the creators of underground taste and trendsetters shaping today's fashion landscape. Those who embrace Palm Angels are at the forefront of style, demonstrating a clear vision of fashion's future. As we embark on this exciting new chapter, we are proud to unite creative forces from around the globe to continue shaping fashion's future."
The birth of Palm Angels can be traced back to 2011 when Francesco Ragazzi initially established it as a photographic documentation of skate culture in Los Angeles. By 2015, the brand transitioned into clothing production, marking its emergence as a pivotal player in contemporary luxury streetwear. Its design philosophy—a blend of rebellious spirit and modern cultural references—has resonated with a diverse audience comprising fashion insiders, musicians, and celebrities.
With this acquisition, Bluestar Alliance not only bolsters its esteemed portfolio of brands but also highlights its approach to fortify labels with substantial cultural significance and consumer appeal. The company itself, founded in 2006, is recognized globally for its brand management prowess, overseeing a range of high-end lifestyle brands with a retail turnover exceeding nine billion dollars. The initiative to onboard Palm Angels adds to the existing roster of over 400 licensed brands and a growing retail platform of more than 500 stores worldwide, encompassing regions such as North America, Europe, South America, Asia, and the Middle East.
As the streetwear scene continues to evolve, the partnership between Bluestar Alliance and Palm Angels is poised to redefine industry standards. With a commitment to cultivating creative talent and innovative thinking, Palm Angels under Bluestar’s stewardship will undeniably continue to influence and drive the future trends of luxury street fashion.
In conclusion, as both industry veterans and new entrants to the fashion world observe the unfolding changes in luxury branding, the acquisition stands as a noteworthy marker of what lies ahead. Palm Angels is set to enhance its recognition in the luxury sphere and expand its innovative designs under the strategic guidance of Bluestar Alliance. Looking forward, both the brand and its new parent company are ready to embrace the challenges of an ever-changing market while capturing the hearts of global consumers.
For further information, please reach out to:
Sarah Rosen
Bluestar Alliance
Email: sarah.rosen@bluestaralliance.com
Topics Consumer Products & Retail）
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